The supply of loanable funds is $50 billion. Thus, option c is correct.
The supply of loanable funds considers only national savings( public savings + private savings), thus the supply of funds shall be only $50 billion. The national savings is the rate that measures the amount of income that households, business, and the government saves. It looks at the difference between a nation's income and consumption.
The national savings rate is the GDP that is saved rather than spent in the economy. It is an indicator of a nation's health as it shows the trends in savings.
Hence, option c is correct, that is $50 billion.
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Answer:
$290,000
Explanation:
We start with the cost of building a replica of the house:
building a new house: $350,000
plus highest and best use $25,000
minus perceived value loss ($20,000)
minus physical deterioration ($50,000)
<u>minus building obsolescence ($15,000) </u>
appraised value $290,000
Answer:
Direct material price variance= $2,500 favorable
Explanation:
Giving the following information:
The standards for each cap allow 2.00 yards of soft for $2.00 per yard. During January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (2 - 2.1)*25,000
Direct material price variance= $2,500 favorable
The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.
The Downsloping Demand Curve is explained by each of them. Because marginal utility decreases as more of a thing are consumed, a consumer's demand curve for that product slopes downward.
Income Effect: The change in demand for a good or service brought on by a shift in a consumer's purchasing power as a result of a change in real income is known as the income effect.
Substitution Effect: The substitution impact is the decline in sales of a product brought on by customers switching to less expensive substitutes when the price of the product increases.
Diminishing Marginal Utility: The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value.
The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.
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